Bond and Money Markets: Strategy, Trading, Analysis (Paperback)

by Moorad Choudhry (Author) "Readers will be familiar with the cursory slot on evening television news, where the newscaster informs viewers where the main stock market index closed that..." (more)
Key Phrases: gilt strips market, gilt repo market, theoretical default spread, United States, Bank of England, United Kingdom (more...)

Editorial Reviews

Review
“Moorad is a master of his subject. He is a rare financial markets author, in being both highly readable and yet still informative to practitioners. The academic will find a lot to admire in this comprehensive and lucid guide. The reader will come to treat this book as his bible.”
- David Wileman, CEO, King & Shaxson Bond Brokers Limited, Old Mutual plc.

“Moorad has written an excellent handbook on fixed income markets. It provides a broad ranging practitioner’s guide to all instruments and trading approaches that make fixed income an exciting market.”
- Jan Loeys, Global Head of Fixed Income Research, J.P.Morgan & Co.

“The Author writes very lucidly on fixed income issues and combines mathematics and text very effectively. I found the chapters interesting and easy to read.”
- Dr Stephen Satchell, Fellow of Trinity College, a Reader in Financial Econometrics at the University of Cambridge, and Visiting Professor at Birkbeck College, City University Business School.

“In the ‘Bond and Money Markets’, Moorad Choudhry has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work.”
- Martin Barber, Partner, Financial Services, KPMG Consulting.

“A fantastic achievement and set to become the premier reference on global debt capital markets. Written in the author’s trademark accessible style, this is a superlative and enthusiastic contribution to the financial economics literature.”
– Daniel Shakhani, Global Credit Strategy, Goldman Sachs International.

“After spending a lifetime reading dry prose in capital markets texts, this is like a fresh breeze from an author with knowledge and experience. The conversational style, real worked examples and excellent illustrations make the understanding of complex issues very easy. In my opinion everyone from market professionals to market novices will find something of great value in this book, and most will end up with a well thumbed copy.”
- Pantea Rezaifard, Vice President, Corporate and Sovereign Trading, Merrill Lynch. -- Review

Review
"Moorad is a master of his subject. He is a rare financial markets author, in being both highly readable and yet still informative to practitioners. The academic will find a lot to admire in this comprehensive and lucid guide. The reader will come to treat this book as his bible."
- David Wileman, CEO, King & Shaxson Bond Brokers Limited, Old Mutual plc.

"Moorad has written an excellent handbook on fixed income markets. It provides a broad ranging practitioner"s guide to all instruments and trading approaches that make fixed income an exciting market."
- Jan Loeys, Global Head of Fixed Income Research, J.P.Morgan & Co.

"The Author writes very lucidly on fixed income issues and combines mathematics and text very effectively. I found the chapters interesting and easy to read."
- Dr Stephen Satchell, Fellow of Trinity College, a Reader in Financial Econometrics at the University of Cambridge, and Visiting Professor at Birkbeck College, City University Business School.

"In the "Bond and Money Markets", Moorad Choudhry has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work."
- Martin Barber, Partner, Financial Services, KPMG Consulting.

"A fantastic achievement and set to become the premier reference on global debt capital markets. Written in the author"s trademark accessible style, this is a superlative and enthusiastic contribution to the financial economics literature."
- Daniel Shakhani, Global Credit Strategy, Goldman Sachs International.

"After spending a lifetime reading dry prose in capital markets texts, this is like a fresh breeze from an author with knowledge and experience. The conversational style, real worked examples and excellent illustrations make the understanding of complex issues very easy. In my opinion everyone from market professionals to market novices will find something of great value in this book, and most will end up with a well thumbed copy."
- Pantea Rezaifard, Vice President, Corporate and Sovereign Trading, Merrill Lynch.

See all Editorial Reviews

Product Details

• Paperback: 1152 pages
• Publisher: Butterworth-Heinemann; 1 edition (August 18, 2003)
• Language: English
• ISBN-10: 0750660783
• ISBN-13: 978-0750660785
• Product Dimensions: 9.8 x 7.6 x 2.1 inches
• Shipping Weight: 5.7 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars See all reviews (16 customer reviews)
• Amazon.com Sales Rank: #284,419 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

8 of 10 people found the following review helpful:

5.0 out of 5 stars The new bond market learning benchmark, December 10, 2001

By	Matthew Bartlett (London) - See all my reviews

This review is from: Bond and Money Markets: Strategy, Trading, Analysis (Securities Institution Professional Reference Series) (Hardcover)

The trainer at a fixed income course I attended recently recommended that we all buy this book. He said "it's expensive but well worth it". He wasn't kidding - this book is worth every penny. I reckon it's set to be the standard reference work for anyone working in the bond and money markets. Since I bought it, everyone in my department has borrowed it at one time or another, to look things up, refresh their memory or learn something new. It's brilliant, and written in a way that is easy to follow. I understood swaps and credit derivatives straight away, and the section on value-at-risk was very accessible. I also found the examples and illustrations very helpful. A great effort. I suspect that it took so long for the author to write that by the time he finished it, chapter 1 was already a few years old, some of the market statistics date from 1998 or 1999. But that's a minor point, this book has everything you would want to know about the markets, and has to be my best purchase on the subject ever. Nice job, well done. Matthew Bartlett, Investment Bank, City of London

4.0 out of 5 stars Bible, January 20, 2007

By	B. Rich "EbitdaMargin" (CT) - See all my reviews (REAL NAME)

Explains basics-intermediate knowledge of bond markets. Eveen goes into basic understainding of fixed income trading strategy, if you want to work on a desk, in research,or are taking a fin-markets course, you will find this useful through your entire career.

3 of 5 people found the following review helpful:

5.0 out of 5 stars The only book you need on bonds and derivatives, October 7, 2003

By	John Hammond (London) - See all my reviews

This review is from: Bond and Money Markets: Strategy, Trading, Analysis (Securities Institution Professional Reference Series) (Hardcover)

This is a truly impressive work and a great reference. Even market experts will find something of value here, it takes the reader from first principles to some very complex subjects, all explained in very acccessible fashion. Every topic connected with the debt capital markets is covered, ranging from bonds, interest-rate derivatives, money markets, credit derivatives, yield curve analysis, structured products, CDOs, everything. It is also very well written, like having your own private tutor and market expert delivering a lecture on the markets. It is well worth the money I paid for it, and I recommend it to anyone who needs to know about bonds, derivatives and market analysis. This book is streets ahead of all the competition, no author I have come across, in over 20 years of experience in the markets, comes close to writing like Choudhry does. [e-mail]